Azerbaijan's Strategic Monetary Reserves Increase - Entrepreneur Organizations Confederation
Musayev made the statement during a conference titled "State-business partnership: the basis of a sustainable economy" held in Baku.
The official noted that the rapid economic development of Azerbaijan was highly appreciated by world rating organizations.
“A report published by the Fitch Ratings international rating agency confirmed the country's positive long-term rating in local and foreign currencies. As the country's financial capabilities improved, its dependence on external borrowings decreased. As a result, the external debt share in GDP in 2022 dropped to 10 percent from 21.6 percent in 2003,” he pointed out.
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